Back to today’s briefing

Story perspectives

Phoenix Labs Lays Off Staff, Games' Futures Uncertain

1/28/2025

39 7

Summary

Story summary

In a shocking turn of events, Phoenix Labs, the Vancouver studio behind Dauntless and Fae Farm, has laid off most of its workforce. This drastic move comes after multiple downsizings since its acquisition by blockchain company Forte Labs, leaving the fate of both beloved games hanging in the balance. Fans await further updates in the weeks ahead.

History

Historical Context

Phoenix Labs' layoffs reflect a broader trend in the volatile video game industry, where studios often rise and fall rapidly. This instability mirrors past events like the collapse of 38 Studios in 2012, which faced bankruptcy due to overspending and unrealistic expectations. Such patterns highlight ongoing challenges in funding and sustainability, prompting calls for better industry practices and support for developers.

1 of 2

Story summary

In a shocking turn of events, Phoenix Labs, the Vancouver studio behind Dauntless and Fae Farm, has laid off most of its workforce. This drastic move comes after multiple downsizings since its acquisition by blockchain company Forte Labs, leaving the fate of both beloved games hanging in the balance. Fans await further updates in the weeks ahead.

1 / 2